India’s Russian crude imports hit record 2.8 million bpd in July, over half of total intake

India’s Russian crude purchases surged to a record in July, with imports crossing half of the country’s total crude intake. The rise came despite tighter Western sanctions and a narrowing discount for Russian oil, with higher receipts at smaller Indian terminals offsetting weaker volumes at major ports. By CNBCTV18.com India’s crude oil imports from Russia hit a record 2.8 million barrels per day (bpd) in July 2026, accounting for around 55.5% of the country’s total crude imports, as refiners continued to tap discounted Russian supplies despite tighter Western sanctions. The July intake was significantly higher than India’s average Russian crude…